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Bill

Bill

LC 378

Generally revise tax laws

2025 Regular Session

LC 378 would generally overhaul state tax laws, affecting individuals, businesses, and tax administration; the draft died in process with no enacted changes.

(LC) Draft Died in Process
#taxation(generally)
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WeVote Research Nonpartisan
Bill Summary · LC 378

Summary of LC 378 – Generally revise tax laws

Key bill details

  • Bill Number: LC 378
  • Title: Generally revise tax laws
  • Status: Draft Died in Process (as of 2025-05-22)
  • Introduced: September 27, 2024
  • Classification: bill
  • Subject: Taxation (Generally)

Status and timeline

  • 2024-09-27: Draft On Hold; Drafter Assigned
  • 2024-09-27: Drafter Assigned
  • 2024-09-27: (LC) Draft On Hold
  • 2025-05-22: (LC) Draft Died in Process

Note: The available information indicates the draft was placed on hold the same day it was assigned to a drafter, and later, the draft died in the process. No actual bill text or substantive provisions are provided in the available summary.

Purpose and scope (as inferred from title)

  • The bill is described as a broad “Generally revise tax laws.” The title suggests an omnibus effort to overhaul or reorganize the state tax code rather than targeted changes.
  • Without the actual bill text, the specific scope (which taxes are affected, what changes are proposed, and what the intended policy goals are) cannot be confirmed.

What the bill would do (provisions are not publicly provided here)

  • No substantive provisions are available in the provided materials. If text becomes available, typical components to look for would include:
    • Changes to tax rates, bases, credits, and deductions
    • Revisions to definitions and taxable activities
    • Administrative and compliance changes (filing requirements, enforcement, penalties)
    • Transitional and effective-date rules
    • Impacts on state revenues and economic activity (fiscal notes)

Who would be affected

  • While specifics are not provided, a general revision of tax laws would likely affect:
    • Individual taxpayers (changes to rates, credits, deductions)
    • Businesses (corporate, sales, excise tax provisions; nexus and compliance rules)
    • Tax administration and revenue departments
    • Tax professionals and borrowers/filers

Procedural and timeline considerations

  • Status indicates the draft died in process, suggesting it did not advance to committee or floor action under its current form.
  • If revived, sponsors would typically release the bill text, assign fiscal notes, and move through committee and chamber readings with public hearings.

Next steps for readers

  • Obtain the full bill text and fiscal notes from the official legislative website or repository for LC 378 to understand specific provisions.
  • Check for any sponsor statements, committee referrals, and public hearing records.
  • If interested, monitor for reintroduction or amendments in future sessions.

This summary reflects the information provided; a complete understanding will require the actual bill text and any accompanying fiscal analysis.

Compiled from official sources — confirm details with the bill’s official record.

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